US President Donald Trump answers questions from reporters at the White House on May 14. While the S&P 500 soared in the first year of his presidency, Trump’s recent policies have hit market confidence hard. Photo: Abaca Press

Opinion

Opinion

Macroscope by Nicholas Spiro

Three reasons the ‘Trump bump’ can no longer be counted on to prop up financial markets

Standing up to China is now a bipartisan political strategy and the US president’s unpredictable trade policies are taking a toll on market confidence. So, investors should be cautious, especially as Fed rate cuts are not guaranteed

US President Donald Trump answers questions from reporters at the White House on May 14. While the S&P 500 soared in the first year of his presidency, Trump’s recent policies have hit market confidence hard. Photo: Abaca Press